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J.P. Morgan holds Budweiser APAC at HK$6 target despite Strong Buy consensus

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  • J.P. Morgan maintained a Hold rating on Budweiser Brewing Co. APAC Ltd.
  • Budweiser APAC reported HK$24.87 billion revenue and HK$3.71 billion net profit.
  • Analysts held a Strong Buy consensus with an HK$8.26 average price target.
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